First Uranium announces that the company meets the TSX's continued listing
requirements.

TORONTO and JOHANNESBURG, Aug. 10 /CNW/ - First Uranium Corporation (TSX:FIU, JSE:FUM) (ISIN:CA33744R1029) ("First Uranium" or the "Company") - Further to TSX Bulletin 2010-0317 dated March 15, 2010 and First Uranium's news release dated July 7, 2010, on August 9, 2010 First Uranium was advised by the Toronto Stock Exchange ("TSX") that it has completed its review of the common shares (Symbol: FIU) and 4.25% senior unsecured convertible debentures (Symbol: FIU.DB) of the Company and the TSX has determined that the Company meets the TSX's continued listing requirements.

About First Uranium Corporation

First Uranium Corporation (TSX:FIU, JSE:FUM) is focused on its goal of becoming a significant low-cost producer of uranium and gold through the expansion of the underground development to feed the new uranium and gold plants at the Ezulwini Mine and through the expansion of the plant capacity of the Mine Waste Solutions tailings recovery facility, both located in South Africa.

Cautionary Language Regarding Forward-Looking Information

This news release contains and refers to forward-looking information based on current expectations. All other statements other than statements of historical fact included in this release are forward-looking statements. Readers should not place undue reliance on forward-looking statements that are included herein, except in accordance with applicable securities laws.

    
                             www.firsturanium.com
    

For further information: Jim Fisher, Executive Vice President, Corporate Development, 1-416-342-5636, 1240-155 University Avenue, Toronto, Ontario, Canada, M5H 3B7, [email protected]